MetLife CEO lambasts regulators over Sifi designations

Systemically important label is "our biggest concern", says Kandarian

metlifeny
MetLife building, New York

The chief executive of MetLife has denounced the decision to designate the insurance giant as a non-bank systemically important financial institution (Sifi), claiming it places the firm at a competitive disadvantage.

MetLife's chief financial officer also warned some of the enhanced requirements for non-bank Sifis could intensify a future financial crisis.

"At Metlife our biggest concern is being designated under Dodd-Frank as a non-bank Sifi," said Steven Kandarian, chief executive of MetLife.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here